NOW THEREFORE the Municipal Council of The Corporation of the City

of Port Coquitlam, in open meeting assembled, enacts as follows:
1. For the purpose of meeting the owners’ portion of the cost of the
work authorized by the "Rindall Avenue Pavement, Extruded Contrete Curb,
and Storm Sewer Local Improvement Construction By-law, 1976, No. 1429"
there shall be appropriated from the "Local Improvement Fund" of the
Corporation the total sum of Eleven Thousand, Six Hundred Four and 10/100
Dollars ($11,604.10).
2. The said sum appropriated pursuant to Section 1 hereof shall be
transferred from the "Local Improvement Fund" on the date of the final
adoption of this By-law and from that date shall bear interest at the
rate of Ten and. one~half (10.5%) percentum per annum on the amount
outstanding and such interest shall be paid into the "Local Improvement
Fund" as the same becomes due and payable. ;
3. The said sum appropriated pursuant to Section 1 hereof shall be
repaid into the "Local Improvement Fund" in ten (10) annual installments
payable on the first day of July in each of the years 1977 to 1986
inclusive, and the respective amounts of the principal and interest
payable in each year during the currency of the appropriation and the
total thereof is as follows:
Year Principal Interest Total
1977 $711.30 $1218.43 $1,929.73
1978 . 785.99 1143.74 1,929.73
1979 868.51 1061.22 1,929.73
1980 > 959.71 970.02 1,929.73
1981 1060.48 869.25 1,929.73
1982 1171.83 757.90 1,929.73
1983 1294.87 634.86 1,929.73
1984 1430.83 498.90 1,929.73
1985 1581.07 ; 348.66 1,929.73

1986 1739.51 190.22 1,929.73

TOTALS

4, During the currency of the appropriation pursuant to Section 1
hereof, or any portion thereof, the sums set forth in Sections 2 and 3
hereof shall: be provided for the repayment of the principal and for the

payment of interest thereon as follows:

*

$11,604.10 $7693.20 $19,297.30 _